Episode 90: Compliance Officers Talk About AI, Cyber Threats, and Real-Time Monitoring

This week Anthony and James were at the Buy-Side Technology North American Summit, which was held in midtown Manhattan on October 5. The second half of the podcast is a snippet from a panel that featured chief compliance officers talking about some of the biggest topics in the regtech space. But before that, Anthony and James talk about the chat clash between Symphony and Bloomberg. Symphony/Bloomberg 2:15 Anthony and James have a laugh at the timing of Bloomberg’s announcement that it is unbundling its chat service from its terminal. 4:20 Why is Bloomberg doing this? 6:00 A look at Symphony’s offering. 7:20 A death blow? 9:00 James and Anthony read some tea leaves. CCOs and Regtech 14:15 Would you trust machine-learning tools to interpret regulations or other legal data? 17:05 How soon until compliance is less reactionary and more proactive? 19:20 How have cyber threats changed a CCO’s job? 23:15 A question from the audience: If your firm has real-time data for trading are you not setting yourself up for some expectation for why you’re not doing this in real-time for compliance? [Editor’s note: The recording of this panel was cut up to save time, and to take out parts that were out of context if you weren’t there live.] Order of speakers at the start of the panel: Joseph Lodato (global head of compliance and surveillance technology—Guggenheim Partners), Craig Peretz (chief compliance, operating and financial officer—Sierra Global Management), Bruno Piers de Raveschoot (chief operating officer, regtech—Rimes), Adam Reback (chief compliance officer—J Goldman & Co).